In 2022, Salesforce (NYSE: CRM) lost nearly half its value, making it one of the worst performers in the Dow Jones Industrial Index last year. Salesforce didn't wait long to enact significant changes in 2023. Salesforce isn't the only tech company that has announced layoffs lately, and the decision was in line with a common theme: cost savings. Read More...
Reuters
China passenger vehicle sales rise in Dec, Tesla sales slump 41% – data
China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy for electric vehicles (EV) before they expired last month, with sales likely to sharply weaken in January, an auto industry body said on Tuesday. China’s decision to end a more than decade-long subsidy for EV purchases has forced automakers, including Tesla, to deepen discounts to maintain sales, as demand eases in the world’s largest car market. “The market will remain extremely weak before Chinese New Year,” Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), said on Tuesday, referring to the week-long holiday, one of China’s biggest annual festivals that begins on Jan. 21.
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